Guest guest Posted October 17, 2007 Report Share Posted October 17, 2007 Dear List, Oil has been at record highs recently; the question has been asked about its future. We don't have a chart for oil, but the general elements can be examined. The rise has been due to the contribution of the Venus and Saturn conjunction and the influence of Rahu on Saturn. These plays are manipulative. As the Ve-Sa conjunction is separating, so too does the contribution of Venus. Ra-Sa opposition remains heaviest into the beginning of November. Fluctuations will be apparent, but overall the bias should remain upward, driven by greed. Note too, Venus aspecting Aq aids in the rise of oil. The debilitation of the Sun from today weakens all planets in Leo. This certainly can put a damper on any rapid rise, and adds the tendency to enjoy the profits from the rise, i.e. profit taking. With these in mind, I believe that $90-93/brl area should be a tough barrier to break/sustain for the next 30 days. Next week, the Sun feels the close impact of both Saturn and Rahu. Further upward movement will not surprise. Best regards, Vyas Munidas Quote Link to comment Share on other sites More sharing options...
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